It’s finally time to start shopping for your new house! Whether this is your first home or you’re looking to upgrade from your current house, there’s nothing more exciting than shopping for a new place to call home. As you flip through the options in your area, you may be wondering whether you should buy a new home or a fixer-upper.
Both options have their pros and cons and deciding which is right for you depends on a variety of factors, including your time and budget constraints. Below, we’ve created a guide to help you narrow down your home search and find a house you love.
New Home vs. a Fixer-Upper – What’s Right for You?
Moving into a Fixer-Upper
For many, a fixer-upper could be a great idea – these homes generally come with a lower price tag in many communities. Or perhaps you walked into the door and immediately started visualizing the “after” – how great the home would look after some renovations and some interior design elements.
While the price can be appealing, be sure to calculate the cost of any renovations the home might need before taking the plunge. Depending on your style, you may want to put in new hardwood flooring or upgrade some of the features in the kitchen. If you’re a DIY whiz, you can keep costs low, but otherwise, make sure to include a contractor fee into your budget.
If you’re considering buying a fixer-upper, take a look at the amount of time and money you have available to put into making your new home match your dream. If you have the time to dedicate to renovations and some wiggle room in your budget to accommodate them, then a fixer-upper home may be the right choice for you.
Moving into a New Home
If buying a fixer-upper doesn’t feel right for you due to time or budget constraints, a new home is a great option to explore. While new homes tend to come with a higher sticker price than their fixer-upper counterparts, you can buy the home completely move-in ready, with no renovations that need to be done.
Many people choose to buy a new home for the amenities that it offers. Most houses built in the last few years are designed to be energy efficient – better insulation, more efficient appliances, and high-quality windows can all help reduce your monthly utility bills. In addition, new houses are in neighborhoods that offer community activities for you to do outside your home, whether it’s a clubhouse, swimming pool, dog park, or recreational facilities.
While you may have to pay a higher HOA fee in a new home, the lifetime cost savings and added perks of a move-in-ready home can often outweigh these cons.
Life in the Copperleaf Community
After you’ve weighed the pros and cons of buying a fixer-upper vs. a new home, come learn more about life in the Copperleaf Community. Our homes are built to last, and you’re sure to love all of our community events and amenities. If you’re ready to find your new home, explore our available options in the Denver area today!